LATEST INTELLIGENCE
In all these cases, customer service,
reputation and operations were severely
disrupted. Smaller companies too, are
targeted as part of the supply chain of
larger organisations or for having less
sophisticated defences, and often the
attacks are not targeted, just aimed at
those that can be penetrated.
Reported breaches are now 60 times what
they were a decade ago, while Lloyds of
London estimates a serious cyberattack
poses a financial risk to the global economy
equivalent to that of a superstorm such as
Hurricane Katrina.
Cybersecurity cannot remain the concern
of the Chief Information Security Officer
(CISO) alone. Business leaders must rather
move to work with their CISO and overall
security resources to actively gauge their
new dependencies and the investment
in risk treatments that are warranted. To
begin the process, we offer five action
points to follow:
1. Accept cyber-risk is a business risk
2. Align cyberspend to your risk
3. Create a culture that
prevents vulnerability
4. Get control of data
5. Ensure security and privacy are ‘baked
in’ to processes. n
Download whitepapers free from www.intelligentcio.com/me/whitepapers/
www.intelligentcio.com
INTELLIGENTCIO
23